Ƶ

Standard Real Estate Contract Template for Canada

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Standard Real Estate Contract

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Standard Real Estate Contract

"I need a Standard Real Estate Contract for purchasing a mixed-use commercial property in Vancouver, BC, with existing tenants, where the closing date will be March 15, 2025, and the contract needs to include specific provisions for assignment rights and environmental assessment conditions."

What is a Standard Real Estate Contract?

The Standard Real Estate Contract serves as the primary legal instrument for documenting property transactions in Canada. This document is essential for any purchase or sale of real estate, whether residential or commercial, and must comply with both federal and provincial legislation. The contract includes critical information such as property details, purchase price, closing dates, conditions precedent, and warranties. It is designed to protect both buyers and sellers while ensuring transparency and legal compliance in real estate transactions. The document should be used whenever a property transfer is contemplated, and it forms the foundation for the entire transaction process. It must be carefully reviewed by legal professionals to ensure all provincial requirements are met and that the interests of all parties are properly protected. The Standard Real Estate Contract can be customized with additional provisions to address specific circumstances while maintaining its core legal requirements under Canadian law.

What sections should be included in a Standard Real Estate Contract?

1. Parties: Identifies and provides full legal names and addresses of the buyer(s) and seller(s)

2. Background: Establishes the context of the transaction and confirms the seller's ownership and right to sell

3. Definitions: Defines key terms used throughout the agreement

4. Property Description: Detailed legal description of the property including address, boundaries, and registered title information

5. Purchase Price: States the agreed purchase price and payment terms, including deposit requirements

6. Deposit: Specifies deposit amount, payment timing, and handling of funds

7. Closing Date: Specifies the completion date and time for the transaction

8. Title and Ownership: Warranties regarding clear title and any encumbrances

9. Conditions Precedent: Lists conditions that must be met before the agreement becomes firm

10. Property Inspection: Terms regarding property inspection rights and process

11. Representations and Warranties: Statements of fact by both parties about the property and their capacity to enter the agreement

12. Closing Deliverables: Lists documents and items to be delivered at closing

13. Adjustments: Details how property taxes, utilities, and other expenses will be prorated

14. Default and Remedies: Consequences of breach by either party

15. Notices: How formal communications between parties should be made

16. General Provisions: Standard contract clauses including governing law, entire agreement, and amendment procedures

What sections are optional to include in a Standard Real Estate Contract?

1. Financing Condition: Used when buyer requires mortgage financing to complete the purchase

2. Sale of Buyer's Property: Included when purchase is conditional on buyer selling their existing property

3. Rental Property Provisions: Required when property has existing tenants, addressing lease assignments and tenant rights

4. Chattels and Fixtures: Detailed list of items included/excluded in sale when specific items need to be addressed

5. Construction Warranties: For new construction properties, detailing builder warranties and obligations

6. Environmental Conditions: When environmental assessments or remediation is required

7. Condominium Provisions: Specific terms for condominium purchases including status certificate review

8. HST Provisions: Special HST considerations for new properties or commercial properties

9. Assignment Rights: When buyer wishes to retain right to assign the agreement

10. Development Conditions: For properties requiring rezoning or development approvals

What schedules should be included in a Standard Real Estate Contract?

1. Schedule A - Legal Description: Detailed legal description of the property from land registry

2. Schedule B - Included Chattels: Itemized list of movable items included in the sale

3. Schedule C - Excluded Fixtures: List of attached items that are not included in the sale

4. Schedule D - Existing Tenancies: Details of current lease agreements and tenant information

5. Schedule E - Property Condition Disclosure: Seller's disclosure of known property conditions and defects

6. Schedule F - Property Survey: Survey document showing property boundaries and structures

7. Schedule G - Environmental Reports: Environmental assessment results if applicable

8. Schedule H - Construction Specifications: For new builds, detailed construction specifications

9. Appendix 1 - Property Photographs: Dated photographs documenting property condition

10. Appendix 2 - Required Repairs: List of agreed repairs to be completed before closing

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions













































Clauses








































Relevant Industries

Real Estate

Legal Services

Banking and Financial Services

Insurance

Construction and Development

Property Management

Professional Services

Urban Planning

Environmental Services

Public Sector

Relevant Teams

Legal

Real Estate Operations

Property Management

Acquisitions

Due Diligence

Compliance

Risk Management

Finance

Investment

Documentation

Relevant Roles

Real Estate Agent

Real Estate Broker

Property Lawyer

Conveyancing Lawyer

Title Examiner

Mortgage Specialist

Property Appraiser

Real Estate Development Manager

Property Manager

Legal Counsel

Compliance Officer

Real Estate Investment Manager

Real Estate Portfolio Manager

Transaction Coordinator

Escrow Officer

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Lease Option To Buy Agreement

A Canadian legal agreement combining a property lease with an option for the tenant to purchase the property under specified terms and conditions.

find out more

Special Sales Contract (Real Estate)

A Canadian-law governed contract for real estate sales that details property transfer terms, conditions, and party obligations.

find out more

Simple Offer To Purchase Form

A Canadian legal document presenting a formal offer to purchase real property, incorporating essential terms and conditions in compliance with provincial regulations.

find out more

Commercial Truck Purchase Agreement

A Canadian-law governed agreement for the purchase and sale of commercial trucks, detailing transaction terms and regulatory compliance requirements.

find out more

Source Code Purchase Agreement

A Canadian-law governed agreement for the sale and transfer of software source code, including associated intellectual property rights and technical specifications.

find out more

Letter Of Intent (Real Estate)

A preliminary document under Canadian law that outlines the key terms and conditions for a proposed real estate transaction, serving as a framework for subsequent negotiations and agreements.

find out more

Bike Purchase Agreement

A Canadian-law governed agreement for the sale and purchase of bicycles, outlining terms of sale, warranties, and parties' responsibilities.

find out more

Offer And Acceptance (Real Estate)

A legally binding Canadian real estate document that outlines the terms and conditions of a property purchase offer and its acceptance, governed by provincial property laws.

find out more

Letter Of Intent Commercial (Real Estate)

A preliminary agreement document under Canadian law that outlines key terms and conditions for commercial real estate transactions, serving as a framework for final negotiations.

find out more

For Sale By Owner Real Estate Purchase Agreement

A Canadian legal agreement for direct property sales between owners and buyers without real estate agent involvement.

find out more

Contract For Selling A Car With Payments

A Canadian law-governed agreement for vehicle sale with installment payments, establishing payment terms, security interests, and ownership transfer conditions.

find out more

Heavy Equipment Purchase Agreement

A Canadian-law governed agreement for the purchase of heavy equipment, detailing specifications, terms, and conditions of sale while ensuring regulatory compliance.

find out more

Letter Of Intent To Purchase

A Canadian preliminary document outlining proposed terms and conditions for a purchase transaction, serving as a framework for subsequent formal agreements.

find out more

Lease With Option To Purchase Agreement

A Canadian legal agreement combining property lease terms with an option for the tenant to purchase the property under specified conditions and timeframes.

find out more

Conditional Purchase Agreement

A Canadian legal agreement establishing terms for a purchase transaction subject to specific conditions, incorporating federal and provincial legal requirements.

find out more

Agreement To Sell And Agreement For Sale

A Canadian legal document combining future sale commitment and current sale terms, governed by federal and provincial commercial laws.

find out more

Agreement For Sale Of Flat

A Canadian legal document governing the sale and purchase of a flat, detailing terms, conditions, and obligations of all parties involved in the property transfer.

find out more

Simple Stock Purchase Agreement

A Canadian-law governed agreement for the purchase and sale of corporate shares, detailing transaction terms and ensuring regulatory compliance.

find out more

Probate Purchase Agreement

A Canadian law-governed agreement for the purchase of probate estate assets, outlining terms, conditions, and compliance requirements for estate asset transfers.

find out more

Offer And Agreement To Purchase Mobile Home

A Canadian legal agreement governing the purchase and sale of mobile homes, addressing both property transfer and site arrangement terms under provincial regulations.

find out more

Non Binding Letter Of Intent To Purchase Product

A Canadian-law governed preliminary document expressing intent to purchase products while maintaining a non-binding status and outlining basic terms for negotiation.

find out more

Land Sell Agreement Form

A Canadian legal document governing the transfer of land ownership between parties, outlining all essential terms and conditions of the sale transaction.

find out more

Earnest Money Form

A Canadian legal document that formalizes and governs the earnest money deposit in real estate transactions, subject to provincial regulations.

find out more

Dealer Purchase Agreement

A Canadian-law governed agreement establishing terms for product sales between a manufacturer/supplier and dealer, including territorial rights, pricing, and operational requirements.

find out more

Cross Purchase Agreement

A Canadian-law agreement establishing terms and conditions for shareholders to purchase shares from other shareholders upon specified triggering events.

find out more

Agreement For House Purchase

A legal contract governing the purchase and sale of residential property in Canada, outlining terms, conditions, and obligations for property transfer.

find out more

Lease To Buy Land

A Canadian legal agreement combining a land lease with a purchase option, establishing terms for both temporary use and potential ownership transfer.

find out more

Gas Station Purchase Agreement

A Canadian law-governed agreement for the purchase and sale of a gas station business, including real estate, equipment, and operational assets.

find out more

Semi Truck Purchase Agreement Form

A Canadian-compliant purchase agreement form for semi trucks, covering vehicle specifications, purchase terms, and regulatory requirements under federal and provincial laws.

find out more

Horse Lease Agreement With Option To Purchase

Canadian-law governed agreement for horse leasing with purchase option, detailing lease terms, care requirements, and purchase conditions.

find out more

Contract For Selling A House By Owner

A Canadian legal agreement for the direct sale of residential property between owner and buyer without real estate agent involvement.

find out more

Wholesale Product Purchase Agreement

Canadian-law governed agreement for wholesale product purchases, establishing terms for bulk commercial transactions between businesses.

find out more

House Offer Contract

A Canadian legal document presenting a formal offer to purchase residential property, outlining key terms and conditions under Canadian federal and provincial law.

find out more